Hochschild Mining Share Discussion Threads

[stevea171] 20/2/2017 11:40

Freeport McMoRan's Grasberg mine in Papua, Indonesia shuttered due to dispute with the Government. Grasberg is a copper/gold/silver mine - the largest gold mine in the world and the third largest copper mine.

In 2016, the iconic mine produced more than 500,000 tonnes of copper and over 1 million ounces of gold.

"For each month of delay in obtaining approval to export, PT-FI’s share of production is projected to be reduced by approximately 70 million pounds of copper and 100 thousand ounces of gold."

[hectorp] 20/2/2017 10:49

steve that is good, we don't want a fatality situation running on .. sadly though for the miner and relatives all to close and personal of course.

[hectorp] 20/2/2017 10:43

this links with breaktwister 's above: for gold, silver will move better.
the " dummies" mentioned are not stackers or silver investors.!
He is not even a big bull of gold, but does mention a possible $25 high this year for silver and if so, HOC will achieve that 500p number. ( I know- some will say more)

[dt1010] 20/2/2017 09:18

Agree Steve.

[stevea171] 20/2/2017 09:01

Every accident is different. Clearly work is on-going and incomplete to satisfy the Peruvian Mines inspectors.

HOC will likely make an announcement before next Monday when it presents at BMO Global Metals & Mining Conference, Florida and will be subject to public questioning.

[breaktwister] 20/2/2017 08:26

I see PAF had a fatality and issued a detailed RNS on the cause, length off time mine expected to close and revised target figures. We haven't heard a peep from HOC for 3 weeks now.

[rathkum] 19/2/2017 21:57

Want to trade gold rally? Go for silver

[risa5] 19/2/2017 21:34

Re Platinum, SLP has been doing well recently has over £12m in cash no debts and M Cap of about £40m.

[dt1010] 19/2/2017 18:05

Right now, Faber is warning investors that both stocks and the U.S. dollar are overvalued. With Donald Trump in the Oval Office, investors need to adjust their portfolios and go long on gold shares, silver shares, platinum shares, physical gold, physical silver, and physical platinum. (Source: “Marc Faber: Good Times Ahead for Precious Metals,” Fox Business, January 17, 2017.)

As investors begin to see the significant risks with the dollar, stock market, and U.S. economy, Faber believes that money will begin to flow into precious metals over the next three to six months.

So, what is the Marc Faber prediction for gold and silver? When it comes to U.S. equities, the only space that Faber likes right now is gold, silver, and platinum stocks. While gold prices are up almost eight percent since the beginning of 2017, they are still down three percent since the U.S. election. Silver prices are up more than 13% in 2017, but are also down around three percent since the election.

Faber believes that physical gold and silver—as well as gold, silver, and platinum stocks—are attractive at these relatively lower levels.

[lauders] 19/2/2017 11:31

Granted stevea171. It is all up in the air at the moment. Will just have to see how things develop.

Just over a week before HOC are present here:

Will be very interesting to see what they say about the accident and what has been done to try and prevent anything similar occurring. I am sure they will want some good news by the 27th!

[stevea171] 19/2/2017 10:49

Lauders. These are proposed changes only at this stage. No decision has been taken on any of these possible changes:

"The review stems from the 2015 merger of FTSE and Russell — two of the world’s biggest index providers at the time — which have historically used different methods to determine nationality. While FTSE Russell aims to apply the changes by June, Societe Generale analysts argue this is “too soon.”

“Our feeling is that any consultations or changes should be carried out due to investor demand or necessity and not driven by two providers coming together,” they wrote."

[shakeypremis] 19/2/2017 10:38

I guess hoc would have to go to the NYSE?

[lauders] 19/2/2017 10:15

Back to more important matters. Anyone aware of this?

In the FTSE 250 Index, the changes would affect Canadian TV and film distributor Entertainment One Ltd., Peru-based Hochschild Mining Plc, NMC Health Plc from the United Arab Emirates and Russia’s Polymetal International Plc. The FTSE Small Capitalisation Index could lose Lamprell Plc to the UAE. In total, 49 constituents of the FTSE Global Equity Index series would change nationality, according to the index provider.



Perhaps not have a major impact but it may have some impact if it proves to be accurate. FRES also mentioned.

[onedayrodders] 19/2/2017 10:02

We know silver can move swiftly in a bull market as we saw in 2011 when it sped up to $50 in around 7-8 months.

Although the previous financial crisis would have assisted that move there is plenty coming up in the next few months with the Dutch & French elections, the Greek Tragedy unfolding again. There is also the never ending supply of outrageous Trump tweets and his continuous battle against the deep state trying to trip him up.

I too would be happy with $25 and we would do well in HOC at those levels but I'm not dismissing much better given what we know from just a few years back.

ODR

[jimbowen30] 19/2/2017 09:39

Bo is a clown.

[juju44] 19/2/2017 09:11

Polny is a complete lunatic and anyone who follows him needs their head examined

[shakeypremis] 19/2/2017 09:07

I don't think Bo has ever got anything right. $25 silver this year could be a stretch, let alone $35 or even $100.

[goldenshare888] 19/2/2017 08:33

Bo Polny (cycles-analyst) just forecast $35, $60, and then $100 SILVER in 2017!!

Even if he is half right HOC could triple from here!!

:))))))

NB. Apparently, US DEBT CLOCK shows a SILVER price adjusted for money printing to date of $1008 per OZ!!

[dt1010] 17/2/2017 13:08

Check it:



Since its 27 January key reversal silver has steadily advanced. Today it finally closed above 1800¢ resistance AND the 200 DMA (1796¢). Will most likely jump to 1900¢, maybe higher.

- MoneyChanger

[dt1010] 17/2/2017 11:37

This will end higher into the close

Next fed rate rise could come, I don't think it will, but the date for it would be 14/15 March

Silver will be higher by then!

[stevea171] 17/2/2017 11:11

Breaktwister. As previously mentioned it's likely the mill at Inmaculada has not been affected by the safety issue with the mine so has continued production from stockpiles of ore on the ROM pad that all mills have as a reserve feed to protect against disruption of supply. ie this very situation. Grade of the ROM ore may be lower than new supply from the mine, however. JIT does not apply in mining operations. This would need to be confirmed of course.

Agree we should hear shortly about Inmaculada but at least this is all under HOC's control unlike the recent issue at Pallancata (resolved in January).

[breaktwister] 17/2/2017 10:55

Expected news on immac this week. Cant see a real breakout until that is clarified.

[nrc] 17/2/2017 09:59

stevea - tks. Yes, & the wierd thing is that they were fine yesterday :-(( I've experienced this before over the years - so maybe it will just clear, who knows!

[saturdaygirl] 17/2/2017 09:58

If in doubt go to a longer time frame such as the weekly

Just a blip i would say.